Short-term selling pressures.
• USD/CHF is pushing lower. Hourly resistance
can be found at 0.9771 (09/06/2017 high). Strong
resistance is given at 1.0107 (10/04/2017 high).
Expected to show continued short-term bearish
• In the long-term, the pair is still trading in
range since 2011 despite some turmoil when the
SNB unpegged the CHF. Key support can be
found 0.8986 (30/01/2015 low). The technical
structure favours nonetheless a long term bullish
bias since the unpeg in January 2015.
(By Yann Quelenn)